February 06, 2024 22:45 GMT
(H4) Bullish Theme
AUSSIE 3-YEAR TECHS
- RES 3: 97.380 - High Mar 21 and a major resistance (cont)
- RES 2: 97.190 - High May 5 (cont)
- RES 1: 96.670 - High Jun 2
- PRICE: 96.360 @ 15:55 GMT Feb 06
- SUP 1: 96.120 - Jan 18 - 22 low
- SUP 2: 95.750/480 - Low Nov 27 / Low Oct 31
- SUP 3: 95.300 - 3.00 proj of the Mar 21 - May 2 - May 5 price swing
Aussie 3yr futures trend conditions remain bullish and recent gains reinforce current conditions. Key resistance at the top of the range was pierced on the last rally (late December) and this week’s gains above the December highs reinforces a bullish theme. A continuation higher would open 96.670, the Jun 2 high. The Jan 18 - 22 low at 96.120 marks the first notable support. Short-term weakness is considered corrective.
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